NZ dollar takes a breather as data, Fed comments offer no surprises

Thu, 11 Apr 2019

By Jenny Ruth April 11 (BusinessDesk) - The New Zealand dollar was little changed after the US Federal Reserve reiterated its patient rate stance and local and Chinese data came in as expected. The kiwi was trading at 67.62 US cents at 5pm in Wellington from 67.61 at 8am. The trade-weighted index was at 73.24 points from 73.33. The Federal Open Market Committee reiterated that it will remain “patient” about raising interest rates and noted muted inflation pressures. Just after its comments were published, figures came out showing core...

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